The U.S. economy expanded at a surprising 3% annual pace from April through June, bouncing back at least temporarily from a first-quarter drop that reflected disruptions arising from President Donald Trump’s trade wars. The Commerce Department reported Wednesday that America gross domestic product — the nation’s output of goods and services — rebounded after falling at a 0.5% clip from January through March. The first-quarter drop was mainly caused by a surge in imports — which are subtracted from GDP — as businesses scrambled to bring in foreign goods ahead of Trump’s tariffs. Economists had expected 2% second-quarter growth.
A tsunami hit coastal areas of Russia’s Kuril Islands, Japan and Hawaii and Alaska after a powerful, 8.8-magnitude earthquake struck off the coast of Russia early Wednesday. Warnings are also in place for Alaska and other coasts south toward New Zealand. The Japan Meteorological Agency said a tsunami as high as 60 centimeters (2 feet) had been detected as the waves moved south along the Pacific coast from Hokkaido to Tokyo Bay. Officials urged caution, saying that bigger waves could come later. Damage and evacuations were reported in the Russian regions nearest the quake’s epicenter on the Kamchatka Peninsula and officials declared a state of emergency in several areas.
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Join Hugh LIVE: Weekdays, 3-6PM ET.
Visit Hugh's website: https://hughhewitt.com
Follow Hugh on Twitter: https://twitter.com/hughhewitt
The Hugh Hewitt Show on Facebook: https://www.facebook.com/hughhewittshow/
Subscribe to The Hugh Hewitt Show's podcast here:
Apple Podcasts: http://bit.ly/HHShowApple
Google Podcasts: http://bit.ly/HHShowGoogle
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Check out the Hughniverse for a commercial-free archive of The Hugh Hewitt Radio Show and The Aftershow with Duane "Generalissimo" Patterson anytime you want: https://www.hughniverse.com
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